Overview
What is Housing Development Corp Of Northumberland County?
Housing Development Corp of Northumberland County is a nonprofit organization situated in Milton, Pennsylvania. Their primary mission involves securing financial resources to renovate existing buildings, transforming them into affordable housing options for individuals and families with income levels falling within the medium income bracket. Through this initiative, the organization aims to address the housing needs of a significant portion of the community, ensuring that low-income residents have access to suitable and affordable living spaces.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Housing Development Corp Of Northumberland County has achieved a solid rating of 82%, indicating a commendable level of accountability and financial health. The organization exhibits strong governance practices, with a fully independent board and a robust audit and oversight committee. This transparency enhances trust among stakeholders, reflecting positively on its operational integrity.
The nonprofit demonstrates effective financial management, with a high program expense ratio of 86.91%, which indicates that a significant portion of its resources is directed toward its mission-driven programs. Additionally, the organization's liabilities to assets ratio is remarkably low at 0.01%, suggesting a healthy financial standing and minimal risk concerning its obligations.
However, while the organization shows strong performance in critical areas, the three-star rating suggests there is room for further improvement. Continuous efforts in enhancing operational efficiency and expanding program impact could help elevate its standing even more in the future. Overall, the Housing Development Corp Of Northumberland County is a reliable choice for those looking to support community housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Development Corp Of Northumberland County legitimate?
Housing Development Corp Of Northumberland County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Development Corp Of Northumberland County submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
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Other Salaries and Wages: $0
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What is the mission statement of Housing Development Corp Of Northumberland County?
The Housing Development Corp of Northumberland County's mission revolves around securing funds to renovate buildings. The primary objective is to offer Low-Income Affordable Housing to individuals whose income falls within the medium income bracket or below. This organization's activities are centered around contracting services to facilitate the renovation process, ultimately providing suitable living spaces for those in need.
What is the revenue of Housing Development Corp Of Northumberland County?
Housing Development Corp Of Northumberland County's revenue in 2023 was $1,098,795.
Who are the executives of Housing Development Corp Of Northumberland County and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Housing Development Corp Of Northumberland County?
Housing Development Corp Of Northumberland County's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Housing Development Corp Of Northumberland County
The Housing Development Corp of Northumberland County is an organization that is dedicated to obtaining funds for the renovation of buildings. Its mission is to provide Low-Income Affordable Housing for individuals and families who fall within or below the medium income level. By securing financial resources, this nonprofit works tirelessly to transform dilapidated structures into suitable living spaces, thereby making housing more accessible and affordable for those in need. Through contracted services related to renovating these buildings, the Housing Development Corp of Northumberland County is contributing significantly to the community, ensuring that a diverse range of people can reside in decent and affordable housing.
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Impact
October, 2024
Housing Development Corp Of Northumberland County plays a crucial role in addressing the housing needs of low-income individuals and families in Milton, PA. By securing funding to renovate buildings, the organization directly contributes to the availability of affordable housing options for residents with incomes at or below medium income levels. This initiative not only provides essential shelter but also enhances the overall quality of life for participants by offering safe and stable living conditions.
The organization's efforts to renovate and improve housing stock help revitalize communities, fostering a sense of pride among residents and encouraging further investment in the area. By prioritizing affordable housing, Housing Development Corp Of Northumberland County contributes to reducing homelessness and housing insecurity, thereby supporting economic stability and well-being for vulnerable populations. Through its activities, the organization plays a vital role in both the local economy and the social fabric of Northumberland County, ensuring that everyone has access to a place they can call home.
This information is meant to be a general summary of Housing Development Corp Of Northumberland County. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $75,703
- Gross Receipts: $1,098,795
Assets and Liabilities:
- Total Assets: $2,542,807
- Total Liabilities: $495
- Net Assets: $2,542,312
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Organization Details
Founding Year
2000
Principal Officer
Edward P Christiano
NTEE Category
Code: L20 - Housing
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